The above chart is the 5min price action of today. This validates the 261.8% fib level. It happened quite quickly so I see two options from here. Firstly and most likely, once this momentum settles we will take a breather and revisit around 28/highs this afternoon having a nice close for Monday. Less likely is we keep going through 28c, and while I'm hesitant to do so if we get into and stay in the early 30's I think the 423.6 comes into play at 42.5 down the road. Even better in this scenario would then for the price to come back down to 28c and bounce off it as support. But again, I don't think this is likely without news as a catalyst.
IMUGENE CHART. TA only, page-317
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $373.3M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.2¢ | 4.9¢ | $1.384M | 27.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1302118 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 528865 | 4 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |